Kalshi raises $1B at $11B valuation, doubling value in under two months

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Prediction market Kalshi, which allows people to bet on future events, rel=”nofollow” href=”https://www.businesswire.com/news/home/20251202735424/en/Kalshi-Reaches-%2411-Billion-Valuation-as-App-Takes-over-America”>announced on Tuesday that it raised a $1 billion funding round at an $11 billion valuation, confirming TechCrunch’s scoop from last month.

The round was led by returning investor Paradigm, with participation from Sequoia Capital, Andreessen Horowitz, Capital G, and other existing backers. The latest funding comes less than two months after Kalshi announced that it raised $300 million at a $5 billion valuation.

Although the trading platform surged in popularity last year…



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Kalshi raises $1B at $11B valuation, doubling value in under two months


Prediction market Kalshi, which allows people to bet on future events, rel=”nofollow” href=”https://www.businesswire.com/news/home/20251202735424/en/Kalshi-Reaches-%2411-Billion-Valuation-as-App-Takes-over-America”>announced on Tuesday that it raised a $1 billion funding round at an $11 billion valuation, confirming TechCrunch’s scoop from last month.

The round was led by returning investor Paradigm, with participation from Sequoia Capital, Andreessen Horowitz, Capital G, and other existing backers. The latest funding comes less than two months after Kalshi announced that it raised $300 million at a $5 billion valuation.

Although the trading platform surged in popularity last year…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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